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miag15
February 7, 2023
Question

Payment of invoice using transferred funds

  • February 7, 2023
  • 1 reply
  • 0 views

I have funds in my main account (not on bank link with QB so all entries are manual) that I have transferred from another account to pay an invoice. So the funds are in the account. I want to use them to pay an invoice that is outstanding but can not work out how to link the payment that is already in the bank to the outstanding invoice without the income showing twice? 

HELP!! 

1 reply

Rustler
Rustler
February 7, 2023

Transferring funds from one bank to another is not income, it is just a location.

Show a deposit in the operating bank and what you use as the source will depend.
if it is a personal bank account, then the source is equity investment
if it is a business account, then that account needs to be in QB as part of the business financials, use it after you create it

 

then pay the bill using the operating account

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